BETHESDA, Md. (AP) — BETHESDA, Md. (AP) — Global Medical REIT Inc. (GMRE) on Tuesday reported a key measure of profitability in its fourth quarter.

The Bethesda, Maryland-based real estate investment trust said it had funds from operations of $15.9 million, or 23 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had a loss of $840,000, or 1 cent per share.

The real estate investment trust, based in Bethesda, Maryland, posted revenue of $33 million in the period.

For the year, the company reported funds from operations of $64.3 million. Revenue was reported as $141 million.

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